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The UK battery start-up Britishvolt plans to appoint administrators after last-ditch efforts to secure emergency funding from a group of investors failed. The company on Tuesday filed a notice to the High Court that it intended to appoint an administrator, a move that threatens to undermine the UK’s ambitions to create its own battery manufacturing
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Germany’s defence minister has announced her resignation, triggering fresh uncertainty for Europe’s most populous nation as it confronts critical decisions about its response to Russia’s invasion of Ukraine. Christine Lambrecht, who has faced harsh criticism for her handling of defence policy as well as a succession of gaffes, said that a “months-long media focus” on
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Police regained control of Brazil’s main government complex on Sunday evening after thousands of supporters of rightwing former president Jair Bolsonaro stormed the Congress, supreme court and presidential palace. Social media footage earlier showed crowds vandalising the interiors of the three institutions in Brasília in scenes reminiscent of the US Capitol invasion two years ago
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Pension funds should be “extremely careful” when investing in illiquid assets, as rising interest rates and falling stock markets increase the likelihood of their having to access cash quickly, the OECD has warned. In the recent era of low interest rates, pension funds poured money into alternative investments, such as infrastructure projects and private equity,
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